Sam Zytcer Named Vice President of New Division
FOR IMMEDIATE RELEASE October 27, 2002
Marianna Ohe (202) 565-3200
The Export-Import Bank of the United States (Ex-Im Bank) today announces the formation of a Small and Medium Enterprises Division devoted exclusively to serving small and medium-sized U.S. exporters. The action follows Ex-Im Bank's announcement of overall organizational changes designed to enable the Bank to become more market focused and customer driven.
Jeffrey Miller, senior vice president of the Export Finance Group, announced that Sam Z. Zytcer, is vice president of the new Small and Medium Enterprises Division.
Sam Zytcer's outstanding record of customer service as former vice president of our Business Credit Division makes him the ideal person to lead this new unit in making our financing tools even easier to access by small and medium-sized enterprises, Miller said.
This new division, which is part of the Export Finance Group, will bring together in one place the two products most frequently used by small and medium-sized exporters: multibuyer insurance and working capital guarantees. Previously these products were handled by two separate divisions, the Business Credit Division and the Insurance Division. The new division will provide one-stop shopping and faster turnaround to small and medium-sized businesses.
Additional Ex-Im Bank appointments will be announced as implementation of the reorganization continues.
Ex-Im Bank is an independent federal government agency that helps finance the sale of U.S. exports, primarily to emerging markets, by providing loans, guarantees, and export credit insurance. In fiscal year 2002, Ex-Im Bank authorized financing to support approximately $13 billion of U.S. exports worldwide.